President Barack Obama is pushing a cap-and-trade program that has the ultimate goal of reducing carbon dioxide emissions in the name of halting global warming. It accomplishes this by artificially raising prices of carbon-based fuels -- coal, natural gas, gasoline -- in order to discourage their use. It's called cap-and-trade, but it's really a big […]
Over the past couple of days, President Barack Obama and his administration have come to embrace some positions GOP presidential nominee Sen. John McCain made just a few months ago. These positions, predictably, are ones candidate Obama and his team distorted and assailed McCain for taking. First was McCain's oft-derided statement that the fundamentals of […]
President Barack Obama has unveiled his budget plan, and if you think you're going to be better off because of it, then you must be on welfare. First, the spending: Obama can complain all he wants about "inheriting" a deficit, but what President Bush gave him was chump change compared to what he's spending. Second, […]
I won't write too much about Krugman's latest New York Times column. Suffice it to say that Bush is evil (or stupid) and wants to make sure that poor people get poorer. Krugman's column claims or implies the following: 1. Bush knew the tax cut would put the budget into deficit. 2. The tax cut […]
Reader Tim Witkowski notes offers this tidbit in response to Krugman's suggestion that it is somehow un-American to arrange your finances to minimize your tax bill. Further to your expose of Krugman's campaign of deliberate misinformation, a venerable principle in tax law, perhaps best articulated by the famous Judge Learned Hand in Helvering v. Gregory, […]
The New York Times columnist, Paul Krugman, has been pilloried for months by The Wall Street Journal, among others, because of his two-faced columns on Enron and his questionable economic theories. On Friday, Krugman took on the "Bush Tax Cut" with the following analysis: Finally, there's line 47. You haven't heard about that, but you […]